Glossary

This is the average price over a given period, usually a day. This point can be measured daily. For an accurate calculation of the pivot point, use this formula: Pivot = (High (highest point of the day prices) + Low (lowest price point of the day) + Close (closing price)) / 3. There is also a dynamic daily pivot, ie its value changes more than once a day, but, say, every five hours. For different trading strategies the time span may vary.

Trading in financial markets involves substantial risks, including complete possible loss of investment capital. This activity is not suitable for all investors. High leverage increases the risk (Risk Disclosure).